E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/20/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $10.63 million trigger jump securities on Amazon

New York, Feb. 20 – Citigroup Global Markets Holdings Inc. priced $10.63 million of 0% trigger jump securities due May 5, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the stock is positive, the payout at maturity will be par plus the greater of the stock return and 22.55%. Investors will receive par if the stock declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent. Morgan Stanley will act as distributor.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Trigger jump securities
Underlying stock:Amazon.com, Inc.
Amount:$10,625,000
Maturity:May 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If stock return is positive, par plus greater of stock return and 22.55%; par if stock declines but finishes at or above trigger level; 1% loss for every 1% that stock declines if it finishes below trigger level
Initial level:$155.20
Upside payment:22.55%
Trigger:$124.16, 80% of initial level
Pricing date:Jan. 31
Settlement date:Feb. 5
Agent:Citigroup Global Markets Inc.
Distributor:Morgan Stanley
Fees:2.25%
Cusip:17291TXV5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.